Tax e-filing and investment platform ClearTax raises $50 mn, all set to hire

Tax e-filing and investment platform ClearTax, which has just raised $50 million in Series B funding led by Composite Capital, is building its presence in the country.

The Bengaluru-headquartered start-up with offices in Mumbai and Delhi will be opening two new offices while also doubling the existing employee base of 300 in the coming months. Representational image : Reuter

Tax e-filing and investment platform ClearTax, which has just raised $50 million in Series B funding led by Composite Capital, is building its presence in the country.

The Bengaluru-headquartered start-up with offices in Mumbai and Delhi will be opening two new offices while also doubling the existing employee base of 300 in the coming months.

In an earlier interaction with DNA Money, Archit Gupta, founder and chief executive officer, ClearTax, said, “Our next focus will be on expanding to Hyderabad and Chennai.

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We see tax saving mutual funds as the big growth drivers, along with our goods and services tax (GST) matching service which will be launched soon.

“We are on an intensive hiring mode and looking to add more engineers and chartered accountants (CAs). We will be adding 300 people in the next four to five months so our team size will grow to 600,” said Gupta.